Cheaper - quicker - don't need to raise a lot of money - meet...

Cheaper - quicker - don't need to raise a lot of money - meet required share holder spread.

BP has been growing on the smell of an oily rag.
Whilst the EBITDA is slight negative, cash flow is still positive after servicing interest payments on a $4m debt.
I would expect profit margin - EBITDA as a percentage of Revenue - to rise exponentially over the next few years.
And the share price to go higher with it.

Assuming that the $2m+ debt in current liabilities is rolled into a longer term debt, BP will have about $4m to capitalise on the vast opportunities presenting.

As they perform and share price growth reflects that, they can issue more shares to fund further growth opportunities - at higher price and less share dilution. Good for current shareholders obviously.

I would prefer not to see a $10m raising - that's 50m new shares not the current 10 million!
Above info is relevant for an investor.